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TAX DEDUCTED AT SOURCE

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(Querist)
17 November 2007 what is TCD(tax collected at source)?
What is the diference between TDS & TCD?
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
17 November 2007 when the payer deducts , it is called Tax deducted at source........but when payee collects the tds also and makes payment it is called TCS
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KAAPIL

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KAAPIL (Expert)
17 November 2007 TDS : Payer deducts

TCS : Payee collects TDS and also makes its payment.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
19 November 2007 TDS:- Tax Deducted at Source (The payer deduct the taxes on specified expenditures/ payments)

TCS:- Tax Collected at Source (The seller/ payee collect taxes from the payer)
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CHITRA

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CHITRA (Querist)
26 November 2007 Thanks a lot to all of u
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